Loan Comparison: 6.42% vs 6.5%
1428 Brewery Road, Pueblo, CO 81001 · 3bd/3ba · $345,000
List Price
$345,000
Assumable Rate
6.42%
Remaining Balance
$300,044
Equity Gap
$44,956
Loan Type
VAAdjust Your Scenario
$17,250
$17,250$44,956
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.42% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 6.42% + gap loan
$2,074/moAssumed loan: $1,881/mo
Gap financing: $194/mo
Your Savings on This Property
1428 Brewery Road, Pueblo · 6.42% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($44,956) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($27,706 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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